Gold and Silver Surge on Lower Yields and Iran De-escalation Hopes

Spot gold climbed 4.4% to $4,253 per ounce and silver rose 4.4% to $62.11, hitting multi-week highs as Treasury yields fell and safe-haven demand strengthened amid progress on Middle East peace talks.

Precious metals are experiencing a sharp rebound driven by a combination of macroeconomic tailwinds and geopolitical relief. Lower U.S. Treasury yields have reduced the opportunity cost of holding non-yielding assets like gold, while hopes for easing tensions in the Strait of Hormuz have boosted overall risk sentiment without fully eroding safe-haven buying. Gold broke above its 50-day moving average, settling U.S. futures up 3.7% at $4,305, marking the largest daily gain since February. Silver followed suit with similar percentage advances. This rally affects not only bullion investors but also mining equities, jewelry demand, and industrial users of silver in solar and electronics. Central bank buying trends and persistent global uncertainties continue to underpin longer-term support. Traders should watch upcoming U.S. jobs data, yield movements, and any follow-through on Hormuz agreements, as further de-escalation might temper gains while persistent inflation or delays could extend the upside. The moves signal broader portfolio shifts away from equities toward metals in uncertain environments.